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Petroleum Subsidy Reform and Food Security: Yemen National Food Security Strategy

International Food Policy Research I ...see all

Published by International Food Policy Research Institute

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Abstract

The 2007-08 global fuel crisis was a stark reminder of the fact that petroleum subsidies strain public finances, distort markets, and provide only a blunt tool for improving food security and fighting poverty. As a consequence, several countries -- including Chile, Indonesia, Iran, and Syria -- have recently initiated petroleum subsidy reforms. Yemen, which has one of the highest subsidies and lowest per capita incomes in the world, is also considering phasing out its petroleum subsidies. In 2009, total petroleum subsidies in Yemen amounted to YER391 billion (US$1.93 billion), more than combined spending on health, education, and social protection; thus, reforming petroleum subsidies is increasingly seen as an opportunity for accelerating economic development and improving food security in Yemen. Figures.

Author-supplied keywords

  • *Chile
  • *Economic development
  • *Education
  • *Food
  • *Food security
  • *Fuel
  • *Income
  • *Indonesia
  • *Iran
  • *Markets
  • *Petroleum industry
  • *Poverty
  • *Subsidies
  • *Syria
  • *Yemeni Republic
  • Banking and public and private finance - Public fi
  • Business and service sector - Accounting
  • Business and service sector - Markets, marketing,
  • Economic conditions and policy - Economic conditio
  • Economic conditions and policy - Economic policy,
  • Education and education policy - Education
  • Energy resources and policy - Energy policy
  • Energy resources and policy - Petroleum and natura
  • Health conditions and policy - Food and nutrition
  • Social conditions and policy - Social conditions a
  • book

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Authors

  • Institute International Food Policy Research

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